CannaOne Technologies Inc. (CNSX:CNNA) entered into memorandum of understanding to acquire 51% stake in Vasu International Payment Solutions Inc. for CAD 2.5 million on February 2, 2021. CannaOne Technologies Inc. signed a definitive share purchase agreement to acquire 51% stake in Vasu International Payment Solutions Inc. on February 23, 2021. An aggregate of 6.9 million common shares of CannaOne Technologies will be issued to the current shareholders of Vasu. The consideration shares will be subject to a pooling arrangement releasable 50% at closing, 15% three and six months following closing and 10% nine month and one year from closing. The completion of the transaction is subject to certain conditions including the execution of definitive documentation, all necessary regulatory and shareholder approvals, and other customary closing conditions. As of February 23, 2021, the transaction is expected to close prior to the end of February 2021. CannaOne Technologies Inc. (CNSX:CNNA) completed the acquisition of 51% stake in Vasu International Payment Solutions Inc. on April 9, 2021.